AUDUSD's downward movement from 0.8795 extended to as low as 0.8293. Resistance is located at the trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.8200 area. Only a clear break above the trend line resistance could signal completion of the downtrend.
For more short term forex analysis and info visit via AUDUSD Daily Analysis - December 8, 2014 . Thanks for your support.
No comments:
Post a Comment